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Tax Deducted at Source (TDS) and TDS compliance related News, Articles and Information

How to Avoid demand Intimations from CPC (TDS)

Take Intermediate Communication received from CPC (TDS) seriously to avoid demand Intimations from CPC (TDS)

  As you may be aware by now that the Centralized Processing Cell (TDS) is informing you of PAN and Challan Errors, through an Intermediate Communication, during processing of Original Quarterly TDS Statements, before Defaults are finally computed and Intimations are generated.   On receipt of the above communication, you are ...

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8 things to know about TDS provisions

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  Indian Income Tax Act has prescribed many tedious procedures for tax compliance. Deduction and payment of Tax (TDS) is one among them. This article lists out some of the vital points of TDS matters.   What is TDS?   Tax deduction at source means the tax required to be ...

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Whether TDS has to be done on Interest paid to NBFC

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  Many Small and Medium Enterprises (SME) borrow money (unsecured loans) from Non-Banking Financial Companies (NBFC). Whether interest paid on such loan attracts TDS provisions is a question frequently asked by the accountants. Here is the answer.   As per Section 194A of the Income Tax Act, 1961 a business ...

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